India business shines for global consumer cos in September quarter
Operations in India contrasted with those in China. Although a larger market, business there is still yet to reach normalcy due to continued Covid-related restrictions in some cities and towns. Growth in India has been a driving force for Asia excluding China.
DoT may bring back key clause to allay Trai fears
A revised version of the draft, to be brought out in the coming days after getting comments from stakeholders, will reinstate this provision – Section 11 of the Trai Act – as well as clearly define over-the-top (OTT) communication players and make tweaks to the ways of spectrum allotment, in a bid to give more […]
Musk takes control of Twitter, fires top executives
The billionaire is said to have appointed himself chief executive officer, dismissed senior management and immediately began reshaping strategy. Musk, 51, who also leads Tesla Inc. and SpaceX, may eventually cede the CEO role in the longer term, a person familiar with the matter said. Twitter representatives declined to comment.
Concerned over high customer grievances: Shaktikanta Das
“Despite our enhanced focus on customer service and consumer protection, I am very concerned to notice that there are still persistent grievances in some specific areas like mis-selling, lack of transparency in pricing, disproportionate service charges, very high penal rates,” Das said while speaking at a public function in Jodhpur.
Maruti heralds revival with 4-fold rise in Q2 net
Revenue from operations in the period under review rose 46% to ₹29,930.80 crore, from ₹20,538.90 crore in the year-ago period. The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. While sales in the domestic market stood at 454,200 units, exports were at 63,195 units.
Wall Street surges to sharply higher close ahead of Fed week
All major U.S. indexes ended the session up about 2.5% or more, with the S&P and the Nasdaq notching their second straight weekly gains. The blue-chip Dow posted its fourth consecutive Friday-to-Friday advance and its biggest weekly percentage gain since May.